According to a Volkswagen press release “the ride-hailing market represents the greatest market potential in on-demand mobility, while creating the technological platform for developing tomorrow’s mobility business models. The Volkswagen Group’s expressed goal is to generate a substantial share of sales revenue from such new business models by 2025. To this end, the Group is opening for new partnerships and strategic investments.
“Alongside our pioneering role in the automotive business, we aim to become a world leading mobility provider by 2025,” says Matthias Müller, chairman of the Board of Management of Volkswagen Aktiengesellschaft, in the release. “Within the framework of our future Strategy 2025, the partnership with Gett marks the first milestone for the Volkswagen Group on the road to providing integrated mobility solutions that spotlight our customers and their mobility needs.”
Gett is available in more than 60 cities worldwide, including London, Moscow and New York City. Gett said it is being used by more than 4,000 companies worldwide and “business model is based exclusively on licensed drivers who have a permit to carry passengers and are committed to providing safe, reliable mobility.”
“The Volkswagen Group and Gett is a great strategic partnership. The pay-per-ride domain is growing rapidly. In that context, Gett provides VW with the technology to expand beyond car ownership to on-demand mobility for consumers and businesses,” says Shahar Waiser, Gett’s founder and CEO, in the release.
Completion of the transaction is still subject to merger control clearance by antitrust authorities.